Buying Used Machinery
Old, not Obsolete: A Guide to Buying Second–Hand Equipment
A leading multinational pharmaceutical company approached Equip Net India to find a specific piece of processing equipment—a Fitzpatrick Fitzmill. The company immediately required the equipment in order to meet their expanding production requirements.
Since the company had previously approached the manufacturer direct, it was advised to expect a lead time of 8–10 months—a timeline that was simply not workable for their needs. With the assistance of EquipNet’s expertise and extensive machinery listings, they found a pre-owned Fitzpatrick DAS06 Auger Fed Fitzmill that met their technical specifications and operational requirements. Once negotiations were carried out and the purchase was completed, the equipment was immediately shipped to the company.
Second Hand, not Second Best
As a result, the company not only saved money by buying a preowned machine but they also managed to get the equipment in time to fulfil their production requirements. While purchasing a second-hand equipment, there are a number of elements that need to be considered before going ahead with a deal. But, by working with specialists who have knowledge about the instruments and understand its market value, companies can ensure purchasing the right second-user equipment with ease.
Choosing the Right Equipment
In practice, one should research on the exact model of the equipment that he intends to purchase such as its previous use, maintenance and history as this will lead to minimization of risks in the future. Regarding significant or specialist instrumentation, one should always test the equipment before finalising the purchase.
Also, many of the equipment available in the second-hand market will belong to an older generation and hence, extensive market research is a must in order to find the ‘right equipment’ that
truly matches one’s requirements. Apart from this, one should also review the equipment’s past performance. This is a useful exercise for one to know the reputation of an unknown brand, system or even company.
Often, new equipment is also available as successful companies tend to upgrade their equipment on a regular basis. Laboratory failures or acquisitions are other aspects that lead to the availability of this equipment. However, it has to be kept in mind that the investment levels differ depending on how ‘new’ the equipment is. Buyers should plan their budget accordingly.
Also, when discussing the budget, one should focus on the use of the equipment. The decision to purchase an equipment should only be made when it has to be used immediately and not because it can be unavailable later in the secondary user market.
But you have to consider equipment availability and future support... more on page 3!